VA Home Loans for Veterans

Borrow or refinance up to 100% with our VA Home Loans for Veterans

A VA home loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders.

The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). The basic intention of the VA direct home loan program is to supply home financing to eligible veterans to help purchase properties with no down payment. Most Single Family Homes are Eligible and Peoples Mortgage is able to help approve condos that are not currently approved by the VA. In either case, you will want to work with a Loan Professional to review each individual property.

The VA loan for veterans allows for up to 103.3 percent financing without private mortgage insurance. Peoples Mortgage also offers loans for veterans with up to $6,000 for energy efficient improvements. A VA funding fee of 0 to 3.15% of the loan amount is paid to the VA; this fee may also be financed. In a purchase, veterans may borrow up to 103.15% of the sales price or reasonable value of the home, whichever is less. Since there is no monthly PMI, more of the mortgage payment goes directly towards qualifying for the loan amount, allowing for larger loans with the same payment.

Peoples Mortgage VA department is run by a fellow veteran. Through his insight and direction, loan officers are trained to not only understand how to get a VA home loan done, but the intricacies of how the military works. Through his passion, the VA home loan takes on a entirely deeper meaning to everyone involved. Please see the below review, of how the entire team utilized their skill sets in the lending world to pay it forward and thank our Veteran client that is currently serving our country. We always make sure we stay by our word to deliver the best VA product possible to each and every VA borrower, especially when it matters most:

Features & Benefits

Loan Terms: Fixed 30 year, 5/1 ARM, 3/1 ARM

You are eligible if you served the under any of the following timelines and were honorably discharged:

  • 2 years active Duty
  • 6 years Reserves Duty
  • 90 days War Time
  • 181 days Non War time
  • Please don’t hesitate to call or email to review questions. We can get your Certificate of Eligibility within minutes and can review your eligibility with you.

Contact a loan officer to get started!